Price for Protein; Concentrates and Textured Protein Substances in Colombia - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Colombia (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Colombia (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Colombia
- Exports of Protein; Concentrates and Textured Protein Substances in Colombia
Price for Protein; Concentrates and Textured Protein Substances in Colombia (CIF) - 2024
In February 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $2,181 per ton, shrinking by -14.5% against the previous month. Over the period under review, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in October 2023 when the average import price increased by 23% m-o-m. Over the period under review, average import prices reached the peak figure at $2,809 per ton in February 2023; however, from March 2023 to February 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,690 per ton), while the price for Argentina ($1,299 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Protein; Concentrates and Textured Protein Substances in Colombia (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $9,831 per ton, with an increase of 39% against the previous year. In general, the export price enjoyed a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($31,959 per ton), while the average price for exports to Antigua and Barbuda ($3,022 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Colombia
In 2022, approx. 15K tons of protein; concentrates and textured protein substanceses were imported into Colombia; picking up by 11% on the previous year's figure. In general, imports, however, saw a noticeable descent.
In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $39M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 5.7 | 8.4 | 11.7 | 16.0 | 41.1% |
| China | 1.6 | 1.8 | 4.2 | 6.9 | 62.8% |
| United States | 12.9 | 8.1 | 6.2 | 6.2 | -21.7% |
| Argentina | 1.3 | 1.1 | 1.7 | 3.3 | 36.4% |
| Netherlands | 0.8 | 1.5 | 2.4 | 2.8 | 51.8% |
| Spain | 2.0 | 2.4 | 1.7 | 2.3 | 4.8% |
| Germany | 0.1 | N/A | 0.1 | 1.0 | 115.4% |
| Others | 0.9 | 0.2 | 0.7 | 0.8 | -3.9% |
| Total | 25.3 | 23.7 | 28.5 | 39.1 | 15.6% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Colombia in 2022:
- Brazil (5.9K tons)
- China (2.3K tons)
- Argentina (2.3K tons)
- United States (1.9K tons)
- Netherlands (1.1K tons)
- Spain (0.7K tons)
- Germany (0.3K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Colombia
In 2022, approx. 49 tons of protein; concentrates and textured protein substanceses were exported from Colombia; surging by 101% against 2021 figures. Over the period under review, exports, however, saw a perceptible shrinkage.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $483K in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 5.3 | 0.4 | N/A | 228 | 250.4% |
| Ecuador | 10.5 | 11.7 | 30.3 | 103 | 114.1% |
| Bolivia | 36.9 | 16.4 | 38.4 | 59.1 | 17.0% |
| Jamaica | 47.4 | 25.1 | 16.8 | 33.6 | -10.8% |
| Costa Rica | 27.2 | 9.3 | 5.9 | 11.5 | -24.9% |
| Antigua and Barbuda | 8.6 | 7.3 | 9.5 | 9.8 | 4.5% |
| Peru | 57.1 | 6.5 | 7.4 | 7.5 | -49.2% |
| Curacao | 3.4 | 1.4 | 3.4 | 4.2 | 7.3% |
| Suriname | 10.7 | 1.6 | 1.2 | 3.0 | -34.5% |
| Others | 32.3 | 44.6 | 59.6 | 22.9 | -10.8% |
| Total | 239 | 124 | 173 | 483 | 26.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Colombia in 2022:
- Mexico (17.5 tons)
- Ecuador (13.3 tons)
- Jamaica (5.5 tons)
- Antigua and Barbuda (3.2 tons)
- Costa Rica (1.9 tons)
- Bolivia (1.9 tons)
- Curacao (1.3 tons)
- Peru (1.0 tons)
- Suriname (0.8 tons)
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